Solved

Scenario: Selma Runs a Pastry Shop

Question 21

Multiple Choice

Scenario: Selma runs a pastry shop. The following table shows the total number of cupcakes produced as a function of the number of hours of labor put into making them.
Scenario: Selma runs a pastry shop. The following table shows the total number of cupcakes produced as a function of the number of hours of labor put into making them.    -Refer to the scenario above.The  diminishing marginal returns  in this production process is observed when the ________ hour of labor is employed. A)  second B)  third C)  fourth D)  fifth
-Refer to the scenario above.The "diminishing marginal returns" in this production process is observed when the ________ hour of labor is employed.


A) second
B) third
C) fourth
D) fifth

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions